May 15, 2013 7:14 am
After being traded at levels near 1.2940-43 the euro tumbled to 1.2899, after the release of data to show the overall economic activity in Euro zones first two largest economies. The preliminary value of Germanys Gross Domestic Product (GDP) during the first quarter of the year showed, that economy contracted at the rate of 0.2% […]
Read moreMay 14, 2013 7:26 pm
The US dollar slowed its momentum during the trading session today, as most investors prefered to close their profitable positions and wait for the publication of series of crucial macroeconomic indicators on Wednesday. Major concern amongst investors again turns out to be Federal Reserve Banks intentions to reduce the scale of financial stimulus program or […]
Read moreMay 14, 2013 3:02 pm
The brittish pound has slided to a two-week low versus US dollar with investors diminishing their United Kingdom currency portfolios in expectation of the inflation report by Bank of England, to be released tomorrow. This over 2% fall of the sterling comes after the GBP/USD May 1 high 1.5606. Bloomberg reported, that Bank of England […]
Read moreMay 14, 2013 1:51 pm
During the trading session earlier today the EUR/USD pair changed slightly with investors, remaining cautious, right after the release of ZEW indicators and industrial production data in the Eurozone. The EUR/USD cross fell to 1.2946, followed by consolidation at the 1.2975 level. The pair was expected to receive support at April 5 low 1.2903 and […]
Read moreMay 14, 2013 1:06 pm
The major economic sentiment indicator for Germany, announced earlier today, has remained at levels, slightly higher during May, compared to the previous month. ZEW Sentiment has increased hardly by 0.1 points to 36.4. This news comes as a surprise, as the economic data for Germany, released today, showed some positivity. It became clear, that the […]
Read moreMay 14, 2013 10:04 am
The US dollar traded lower versus Japanese Yen today, as most investors took their profits. USD/JPY cross slided down to 101.27 during the Asian session, which is the pairs lowest level since Friday . Support levels were fixed around 100.51-53, while the resistance levels – at 102.12-14, which is the crosss highest since October 2008. […]
Read moreMay 14, 2013 8:38 am
The President of Federal Reserve Bank for Philadelphia Charles Plosser announced that the slow down in the US inflation to the lowest rate in three years may not be a concern for Federal Reserves policy, Bloomberg reported. Should inflation expectations begin to fall, we might need to take action to defend our inflation goal, but […]
Read moreMay 14, 2013 7:47 am
Business Inventories in the United States remained unchanged during March, at the amount of 1.270 trillion US dollars and mismatched the estimation of 0.3% increase. Additionally, it became clear, that the gross amount of US business sales declined at rate of 1.1% during March in confirmation of the uncertainty around economic recovery. Business Inventories data […]
Read moreMay 13, 2013 2:35 pm
Bank of France has suggested, that Eurozones second economy is going to expand during Q2, as the major indicator, evaluating the business confidence in the countrys industrial segment has improved. The central banks forecast envisions that Frances economy is going to expand by 0.1%. The business confidence in industry has increased up to 94 points […]
Read moreMay 12, 2013 6:51 pm
Employment change is one of the most certain indicators which can be used to determine the movement of currency couples. In this case we are talking about the USD/CAD couple which is greatly influenced by the Unemployment Rate and Employment Change in Canada. The latest figures were released in April and showed a drop of […]
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